Programme Review

Independent Insurance Programme Review for M&A Transactions & Portfolio Companies

Matrix Global provides an independent Programme Review service designed to assess the effectiveness of a company’s existing insurance arrangements. We work with Private Equity Houses, Legal Teams, Corporate Acquirers, Investment Banks & Advisors and Management Teams to evaluate insurance programmes as part of M&A transactions and for companies within existing investment portfolios. This ensures insurance arrangements remain fit for purpose and aligned with the company’s evolving risk profile.

Why Programme Review Matters

An ineffective or outdated insurance programme can lead to significant financial exposure, operational inefficiencies, and compliance risks. Programme Review ensures that insurance arrangements provide the necessary coverage, cost efficiency, and strategic alignment for businesses pre- and post-transaction, as well as for ongoing portfolio management. By identifying gaps, inefficiencies, and areas for optimisation, Matrix Global helps clients maximise value and mitigate risk.

Our Independent Approach

Unlike traditional brokers, Matrix Global is entirely independent. We do not sell insurance or promote specific providers, ensuring a completely impartial and transparent review process. Our sole focus is to provide clients with an objective assessment that delivers clarity and confidence in their insurance arrangements.

What Our Programme Review Covers

• Coverage Adequacy Assessment – Evaluating whether the existing insurance programme sufficiently protects against key risks;
• Risk Exposure Analysis – Identifying uninsured or under-insured risks that may impact the business during or after a transaction, or throughout its lifecycle within a portfolio;
• Policy Terms & Conditions Review – Examining exclusions, warranties, conditions, and claims history to uncover any potential limitations;
• Cost & Efficiency Evaluation – Reviewing premium structures and overall cost-effectiveness of the programme;
• Strategic Alignment – Assessing whether the programme meets the company’s current and future risk management objectives.

The Matrix Programme Review Process

We follow a structured approach to deliver a clear, independent evaluation of an organisation’s insurance arrangements:

Understand

• Gain insight into the business, its operations, risk exposures, and insurance purchasing strategy.

Assess

• Analyse the company’s key risk exposures, including operational, regulatory, and contractual risks.
• Assess the total cost of risk and effectiveness of existing broker relationships.

Review

• Conduct a detailed examination of policy structures, coverage terms, exclusions, and claims experience.
• Evaluate potential gaps and redundancies within the insurance programme.

Compare

• Benchmark the existing programme against industry standards and best-in-class solutions.
• Identify alternative insurance structures that may enhance protection and efficiency.

Report

• Provide a comprehensive review, including:
• An assessment of current coverage adequacy.
• Identification of key deficiencies and areas for improvement.
• Recommendations for optimisation, cost savings, and strategic enhancements.
• A prioritised action plan for pre- and post-completion adjustments, as well as ongoing portfolio risk management.

Implement

• Assist with executing recommended improvements, including:
• Facilitating negotiations with insurers or brokers.
• Supporting policy adjustments to enhance coverage and cost-effectiveness.
• Providing oversight on programme restructuring if required.

Delivering Value to Investors and Management Teams

Matrix Global’s independent Programme Review equips buyers, investors, and management teams with the insights needed to make informed decisions about insurance arrangements. Our expertise ensures that the insurance programme supports the business’s strategic goals, mitigates risk exposure, and maximises value throughout the M&A process and for companies within investment portfolios.

For a detailed, independent review of your insurance programme, contact Matrix today.